Arhaus (NASDAQ:ARHS) Sets New 1-Year Low on Analyst Downgrade

Arhaus, Inc. (NASDAQ:ARHS)’s stock price reached a new 52-week low during trading on Wednesday after Telsey Advisory Group lowered their price target on the stock from $11.00 to $10.00. Telsey Advisory Group currently has a market perform rating on the stock. Arhaus traded as low as $7.68 and last traded at $7.86, with a volume of 1503769 shares trading hands. The stock had previously closed at $8.21.

Several other brokerages have also issued reports on ARHS. Robert W. Baird lowered shares of Arhaus from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $13.00 to $8.50 in a research report on Monday, April 7th. Piper Sandler lowered shares of Arhaus from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $12.00 in a research note on Thursday, February 27th. Baird R W lowered shares of Arhaus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Stifel Nicolaus cut their price objective on Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, Loop Capital started coverage on shares of Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.09.

Hedge Funds Weigh In On Arhaus

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in Arhaus by 1,532.9% during the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock worth $23,480,000 after purchasing an additional 2,672,239 shares during the period. JPMorgan Chase & Co. grew its position in shares of Arhaus by 1,808.2% during the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after buying an additional 1,859,398 shares in the last quarter. Barclays PLC increased its stake in shares of Arhaus by 108.6% during the fourth quarter. Barclays PLC now owns 110,447 shares of the company’s stock worth $1,038,000 after buying an additional 1,391,342 shares during the period. Long Focus Capital Management LLC acquired a new stake in Arhaus in the fourth quarter valued at approximately $10,575,000. Finally, Jane Street Group LLC raised its holdings in Arhaus by 808.3% in the fourth quarter. Jane Street Group LLC now owns 899,693 shares of the company’s stock valued at $8,457,000 after acquiring an additional 1,026,710 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Stock Up 2.3 %

The business’s 50 day moving average is $8.64 and its 200-day moving average is $9.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The company has a market cap of $1.13 billion, a PE ratio of 14.36, a P/E/G ratio of 11.57 and a beta of 2.64.

Arhaus Company Profile

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.